BOISE, Idaho, Aug. 14, 2025 /PRNewswire/ – Perpetua Resources Corp. (NASDAQ:PPTA) (TSX:PPTA) (“Perpetua Resources” or “Perpetua” or the “Company”) announced today that its unaudited condensed consolidated financial results for the period ended June 30, 2025 were filed. For details, please see the Company’s filings available on EDGAR and SEDAR.
Perpetua Resources’ vision is to provide the U.S. with a domestic source of the critical mineral antimony, develop one of the largest and highest-grade open pit gold mines in the country and restore an abandoned brownfield site. Perpetua Resources is focused on finalizing remaining permits for the Stibnite Gold Project (“Project”) to support early works construction expected to start in the fall of 2025, advancing detailed engineering, long lead procurement and execution planning to be full sanction construction ready in the spring of 2026 and finalizing project financing.
Second Quarter 2025 and Recent Highlights:
- Zero lost time incidents or reportable environmental spills.
- U.S. Army Corps of Engineers (“USACE” or the “Army Corps”) issued the Section 404 permit for the Project.
- Submitted formal application to U.S. EXIM for potential Project debt financing of up to $2.0 billion.
- Closed $425 million in gross proceeds from equity financing and subsequently additional gross proceeds of $49 million upon full exercise of an underwriter option, for total aggregate gross proceeds of approximately $474 million.
- Announced plan for comprehensive project financing plan for the Project.
- Published 2024 Sustainability Report, the Company’s twelfth annual sustainability report.
- The Idaho Board of Environmental Quality issued a final order rejecting challenges by certain petitioners to the air permit to construct issued by the Idaho Department of Environmental Quality for the Project and upholding the permit in all respects.
“Perpetua Resources received its final federal permit for the Stibnite Gold Project in the second quarter of 2025, after eight years of rigorous interagency coordination and review,” said Jon Cherry, President and CEO of Perpetua Resources. “Following the successful equity offering in June 2025, and with final state permits and authorizations needed to begin construction expected in the fall of 2025, Perpetua is focused on finalizing a potential royalty or stream arrangement with financial assurance guarantees which is expected to be complete this summer, while advancing the US EXIM debt financing.”
About Perpetua Resources and the Stibnite Gold Project
Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Stibnite Gold Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site …